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what other stories, now that the election is over, where has the news moved to right now because i did about two minutes on the fact that they are not charging their cell phones on homeland tonight. >> that was a good point, good point. >> stephen: well, thank you. the peabody people are watching i'm ready to submit. what's everybody talking about? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new b
what other stories, now that the election is over, where has the news moved to right now because i did about two minutes on the fact that they are not charging their cell phones on homeland tonight. >> that was a good point, good point. >> stephen: well, thank you. the peabody people are watching i'm ready to submit. what's everybody talking about? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that...
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the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. that could undermine u.s. creditworthiness, u.s. interest rates, all that kind of stuff, and the republicans will have some serious leverage there down the road. both sides have leverage. my bottom line in the short run, the democrats have some more. >> so it sounds and before we even get to that very valuable piece of leverage, the debt ceiling discussions, it's odd that it would seem as though the democrats would benefit from heading over the fiscal cliff because then it's the marketing message of who was to blame for it. all the while though, wolf, there are all those calamitous cuts t
the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. that could undermine u.s. creditworthiness, u.s....
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there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in the southern -- southeastern portion of jerusalem. i don't think he's going to go through with e-1, but he is going to go through with some of the new neighborhoods. i think there are over 2100 new units which would be 5% of all of the israeli units constructed in east jerusalem since 1967. so i think benjamin netanyahu worried about his right wing base in the wake of a cease-fire which he's being criticized from his right. in anticipation of upcoming elections does what he basically has done. he's committed to a unified jerusalem
there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in...
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the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50, 60 years before we got one that worked. and actually back in the year 2000, and again in 2008, you have no option in the end. the only thing that works is to make it credible if we shape the negotiations. give it some shape so that we can see this is where it's going to go. >> dr. brzezinski says that we can never sit back and lit the israelis and palestinians do 0 this by themselves because we'll be waiting forever. >> do you agree with that assessment? >> i do. because of what's happening in egypt, and then you have syria, the region is in tota
the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50,...